Tag Archives: Loans

WASHINGTON — Santander Consumer USA Holdings Inc. said on Tuesday it had agreed to make changes to its underwriting practices as part of a $ 550 million settlement with 33 states and the District of Columbia over subprime auto loans. The states said Santander violated consumer protection laws by placing …

WASHINGTON — Santander Consumer USA Holdings Inc. said on Tuesday it had agreed to make changes to its underwriting practices as part of a $ 550 million settlement with 33 states and the District of Columbia over subprime auto loans. The states said Santander violated consumer protection laws by placing …

COVID-19 may have severely curbed car-shopper demand, but for those in need of a new car, the “buy now” signals are glaring. The incentive du jour is 0 percent for 84 months, which the market hasn’t ever really seen in high volume. For lenders, interest-free financing is attractive: Lending money …

Buying a car is one of the largest purchases you can make in life, which means researching the right model is usually top priority. While that’s important, so too is understanding the financing. Knowing how auto loans work will help you to find credit that offers best value for your …

General Motors is going to offer zero-interest loans for up to 84 months, in a deal available to customers in top credit tiers. The manufacturer is also going to work with current owners who owe money for loans or leases so they don’t miss a payment during the pandemic. GM …

In a process called “kicking the trade,” some car dealers are telling people who can’t afford their current auto loan to just not pay it, and pick up a new loan. It’s a short-term solution to a longer-term problem, and it could be happening more often than anyone would expect, …